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The paper critically discusses the issue of rationality and choices in economics in both the behavioural and … the analysis of economic choices, showing the limits of rationality. On the other hand, the work offers a reinterpretation … single and undifferentiated thought, locked into the idea of perfect rationality, but, on the opposite, is a discipline that …
Persistent link: https://www.econbiz.de/10009653234
This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and...
Persistent link: https://www.econbiz.de/10011809698
This paper conducts a systematic comparison of behavioral economics's challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and the...
Persistent link: https://www.econbiz.de/10011812583
How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality … rationality, with particular emphasis on growing formalization of those departures, which add necessary precision. We also explore … the relationship between bounded rationality and libertarian paternalism, or nudges, and show that some recent objections …
Persistent link: https://www.econbiz.de/10011926917
This paper argues critically the issue of choices and rationality in economic models through a multidisciplinary … the related approach of cognitive economics has made more complex and problematic the analysis of choices of the standard … relationship between economic and psychological dimensions of such a process, showing the biases and the limits of rationality …
Persistent link: https://www.econbiz.de/10009148029
rationality or if they constitute rational responses to the scarcity of information, time and energy. In our discussion we will … important related policy question: when rationality seems to fail, does this necessarily imply that agents should be …
Persistent link: https://www.econbiz.de/10014190167
on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is … heuristics and their tensions with modern rationality standards. In an evolutionary perspective, that focus needs to be extended …
Persistent link: https://www.econbiz.de/10008764620
on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is … heuristics and their tensions with modern rationality standards. In an evolutionary perspective, that focus needs to be extended …
Persistent link: https://www.econbiz.de/10010286736
on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is … heuristics and their tensions with modern rationality standards. In an evolutionary perspective, that focus needs to be extended …
Persistent link: https://www.econbiz.de/10008758980
We use a combination of lab and field evidence to study whether preferences for immediacy and the tendency to procrastinate are connected as in O'Donoghue and Rabin (1999a). To measure immediacy, we have participants choose between smaller-sooner and larger-later rewards. Both rewards are paid...
Persistent link: https://www.econbiz.de/10013121215